5,500 Shares in InterDigital, Inc. $IDCC Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board purchased a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) in the second quarter, HoldingsChannel reports. The institutional investor purchased 5,500 shares of the Wireless communications provider’s stock, valued at approximately $1,557,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of InterDigital by 62.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after purchasing an additional 854,845 shares during the period. Norges Bank bought a new stake in InterDigital in the fourth quarter worth $128,918,000. Bank of America Corp DE bought a new position in shares of InterDigital in the second quarter worth about $46,953,000. Royal Bank of Canada lifted its holdings in shares of InterDigital by 375.7% in the 1st quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock worth $60,297,000 after buying an additional 157,687 shares during the period. Finally, Neumeier Poma Investment Counsel LLC purchased a new position in InterDigital during the second quarter valued at approximately $42,350,302. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Derek K. Aberle sold 522 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $144,406.08. Following the completion of the transaction, the director directly owned 7,620 shares of the company’s stock, valued at approximately $2,107,996.80. This represents a 6.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $130,020.80. Following the sale, the director owned 4,608 shares in the company, valued at $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 7,672 shares of company stock worth $2,240,797. 3.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings lowered shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $416.67.

Key Headlines Impacting InterDigital

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: Strong Q2 results and higher outlook support the growth story. InterDigital reported quarterly EPS of $4.62 versus the $0.90 consensus estimate and revenue of $260.2 million versus expectations of $143.1 million. Record recurring revenue, an Amazon licensing agreement and raised fiscal 2026 guidance of $10.85-$12.81 EPS provide additional catalysts. Should IDCC Stock Be in Your Portfolio After Solid Q2 Results?
• Positive Sentiment: Analysts raised multiple forward earnings estimates. Zacks Research increased its fiscal 2026 EPS forecast to $10.13 from $7.41, fiscal 2027 EPS to $8.49 from $7.82 and fiscal 2028 EPS to $10.83 from $8.88. Estimates for individual 2027 and 2028 quarters were also raised, and Zacks maintained a “Strong-Buy” rating. The revisions signal improving expectations for licensing revenue and profitability.
• Positive Sentiment: Wall Street’s consensus target implies further upside. A Zacks analysis cited a consensus price target indicating approximately 26.2% potential upside. While price targets alone have limited predictive value, the accompanying upward earnings-revision trend is a more constructive near-term signal. Wall Street Analysts See a 26.24% Upside in InterDigital
• Neutral Sentiment: Valuation is described as roughly fair despite strong returns. InterDigital’s profitability and returns remain attractive, but its elevated P/E ratio means additional gains may depend on continued earnings growth and successful licensing execution. InterDigital Stock Looks Fairly Valued While Returns Stay Strong

InterDigital Stock Performance

NASDAQ IDCC opened at $335.15 on Monday. The stock’s fifty day moving average is $298.94 and its two-hundred day moving average is $312.32. InterDigital, Inc. has a fifty-two week low of $249.14 and a fifty-two week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $8.65 billion, a P/E ratio of 38.66 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same period in the prior year, the business posted $6.52 EPS. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, research analysts anticipate that InterDigital, Inc. will post 9.76 earnings per share for the current year.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital’s payout ratio is presently 32.30%.

InterDigital Profile

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.